Crypto Asset Manager DigitalX Secures $13.54 Million to Expand BTC Treasury

Key Points

1. DigitalX raised approximately $20.7 million AUD ($13.54 million USD) from global investors including Animoca Brands, UTXO Management, and ParaFi Capital.

2. The majority of the funds ($19.7 million) will be used to expand DigitalX's Bitcoin treasury, with the remainder allocated to offer costs and working capital.

3. DigitalX currently holds 65 BTC directly and 193 BTC equivalent in its Bitcoin ETF (BTXX), with total assets exceeding $95 million in BTC and digital assets.

4. The company has added Yat Siu (co-founder of Animoca Brands) and Hervé Larren (CEO of Airvey.io) to its advisory board to leverage their expertise and networks.

5. DigitalX has also been expanding its Solana staking strategy, holding 83,279 SOL and collaborating with SOL Strategies and BitGo for institutional-grade staking solutions.